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Li denies seeking to influence PCCW buyout

By

Lorraine LukThe Wall Street Journal Asia

Updated March 9, 2009 12:01 a.m. ET

HONG KONG -- The chairman of PCCW Ltd., Richard Li, said Sunday he hasn't asked nor influenced anyone to buy shares in the company in order to alter the outcome of a vote for a proposed $2.1 billion buyout plan.

"I have for a long time wanted to come out and clarify my position in respect of numerous inaccurate reports and allegations by the media," Mr. Li said Sunday in a statement issued by Pacific Century Regional Developments Ltd.